Source : EWI
Update For: Friday
Posted On: Thu, 04 Feb 2010 23:22:45 GMT
AUDUSD
Last Price: .8681
Support: .8607 (s), .8568 (s), .8155 (s/f), .7700 (s)
Resistance: .8785 (s), .8915 (s), .9051 (s), .9148 (s)
Aussie broke the low from December, strengthening the failure top scenario. A fifth wave failure is a sign of underlying weakness and if this count is correction Aussie will extend lower with rebounds proving brief and shallow.
There may be support in the .8155-.8200 area and again in the .7700 area.
Update For: Friday
Posted On: Thu, 04 Feb 2010 23:22:45 GMT
AUDUSD
Last Price: .8681
Support: .8607 (s), .8568 (s), .8155 (s/f), .7700 (s)
Resistance: .8785 (s), .8915 (s), .9051 (s), .9148 (s)
Aussie broke the low from December, strengthening the failure top scenario. A fifth wave failure is a sign of underlying weakness and if this count is correction Aussie will extend lower with rebounds proving brief and shallow.
There may be support in the .8155-.8200 area and again in the .7700 area.